419 E Fairmont AveNew CastlePA16105
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in New Castle at 419 E Fairmont Ave, New Castle, PA, 16105 generates $1,185/mo in rent and, after a $560/mo payment, leaves $435/mo in cash flow. Total monthly income is $1,185/mo, and annual cash flow is $5,221/yr on $37,957 invested. Return on cash invested sits at 33.67% in year one, and rental yield is 12.42% on a $114,500 entry. Equity gained on principal adds $739/yr, while 5% annual appreciation builds toward $31,634 over five years. Five-year ROI reaches 177.19% and total cumulative return in cash sums $67,256. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,185/mo property income rather than buyer’s personal income.
Multi Family
Built in 1970
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16105, New Castle, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,215 (100%) |
| Owner Occupied HU | 5,094 (70.6%) |
| Renter Occupied HU | 1,509 (20.9%) |
| Vacant Housing Units | 612 ( 8.5%) |
| Median Home Value | $215,466 |
| Average Home Value | $242,202 |
Housing Distribution
Address Breakdown
Residential
6,896
Single Family
6,702
Multi-Family
194
Businesses
562
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Francesca Ferrara • CASTLE REALTY
Mls Name: WPMLS
Mls ID: #1736899